Score
FXPOINT
Saint Vincent and the Grenadines|2-5 years| https://www.fxpoint.co/index.html
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Rating Index
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Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Saint Vincent and the Grenadines
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskAccount Information
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Website
fxpoint.co
Server Location
United States
Website Domain Name
fxpoint.co
Server IP
172.67.218.57
Company Summary
| FXPOINT Review Summary | |
| Founded | 2-5 years |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | Unregulated |
| Market Instruments | Forex currency pairs |
| Demo Account | N/A |
| Leverage | N/A |
| Spread | 0.2 pips |
| Trading Platform | Webtrader |
| Min Deposit | $3000 |
| Customer Support | Email: support@marketstrade.co.ukTelephone number：14388068855 |
FXPOINT Information
FXPOINT is the trading name of Grey Matter Enterprise Ltd, purported to be a forex broker registered in Saint Vincent and the Grenadines, which claims to offer clients a 0.2 point floating spread on the Webtrader platform through five different live account types.
Pros and Cons
| Pros | Cons |
| 5 account types to choose from | Lack of Regulatory Oversight |
| Website inaccessible | |
| Extremely high minimum deposit ($3,000) |
Is FXPOINT Legit?
FXPOINTis not regulated by any financial institutions.
What Can I Trade on FXPOINT?
FXPOINT offers traders the opportunity to trade forex currency pairs.
| Tradable Instruments | Supported |
| Forex currency pair | ✔ |
| Stocks | ❌ |
| Currencies | ❌ |
| Crypto currencies | ❌ |
| Indices | ❌ |
| Bonds | ❌ |
| Futures | ❌ |
Account Types
FXPOINT claims to offer five types of trading accounts - Explorer, Basic, Silver, gold, and Platinum - with minimum initial deposit requirements of $30,00, $10,000, $50,000, $100,000, and $250,000, respectively. In contrast, licensed brokers allow initial accounts with a minimum deposit of $100 or less.
FXPOINT Fees
The spread of EUR/USD delivered by online traders on FXPOINT is 0.2 pips.
Trading Platform
FXPOINT chose Webtrader as its trading paltform.
| Trading Platform | Supported | Available Devices | Suitable for |
| Webtrader | ✔ | Windows, MAC, IOS, Android | Investors of all experience levels |
Deposit and Withdrawal
FXPOINT's financing methods are wire transfer, iDeal and Cashier. Minimum initial deposit requirements are up to $3,000.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
Disclosure
Notification of suspected criminal offence punishable under Article 178 of the Act on trading in financial instruments (engaging in activities in the field of trading in financial instruments without the required authorisation or power of attorney) Fx Point, through which entities using the name Grey Matter Enterprise Ltd provided services – (Grey Matter Enterprise Ltd), operating through the website www.fxpoint.co 24Trading, through which entities using the name Grey Matter Enterprise Ltd, provided services – (Grey Matter Enterprise Ltd), operating through the website www.24trading.co
Country/Region
Disclosure time
2023-03-24
Disclose broker
Blacklists of unauthorized companies and websites: Forex
Country/Region
Disclosure time
2021-07-29
Disclose broker
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